Face Shield Market Analysis, Demand, Recent Trends and Developments Report 2027
Market Forecast
Global Face Shield Market Analysis was valued at
approximately USD 3.1 Billion in 2019 and is projected to grow at a 6.2% CAGR
between 2020 and 2026. The demand for face shield is anticipated to increase
owing to the growth in healthcare, manufacturing, and various other industries.
The healthcare industry across the globe is increasing at an exceptional rate.
As per MRFR analysis, the global healthcare industry in 2018 was worth USD 8.40
trillion. Global healthcare spending is expected to reach USD 10 trillion by
2022. The healthcare industry in emerging markets is anticipated to witness
exponential growth in the next couple of years. According to Krane Shares
Emerging Market Healthcare Index, by 2040, emerging countries are projected to
increase healthcare spending as by 24.4% of their current GDPs compared to just
9.8% in developed markets over the same period. Rapid urbanization, increasing
awareness of basic healthcare amenities, and the rising per capita income are
some of the key factors, which are anticipated to boost the healthcare industry
in such markets. The increasing trend of medical tourism is further expected to
boost the Face Shield Market Analysis in the next couple of years.
Additionally, the manufacturing industry in emerging economies is growing at an
exponential rate. With rapid urbanization in emerging economies such as China,
India, and many other southeast Asian countries, the demand for face shield is
expected to grow in the next couple of years. Indian government initiatives
such as ‘Make in India’ and ‘Atmanirbhar Bharat’ are anticipated to boost the
manufacturing industry. This, in turn, is anticipated to further boost the the Face
Shield Market Analysis during the forecast period.
Additionally, with the outbreak of a global pandemic,
COVID-19, the demand for a face shield for protection from harmful infections
is anticipated to increase for a short period. With the increasing number of
COVID-19 infections across the globe, the demand for face shield is expected to
increase across hospitals and other medical facilities. Several companies
manufacturing face shields for the construction and manufacturing industries
are coming up with reliant and effective face shields for protection against
COVID-19 infections. Startups such as Armor Care, an India based startup
company, started mass production of face shield owing to rising demand in the
healthcare sector. Similarly, Amazon.com, Inc., an e-commerce company based in
the US, began the production of face shields for the US healthcare industry.
Therefore, the outbreak of COVID-19 is certainly expected to boost the demand
for the Face Shield Market Analysis for a short period.
Growth Opportunities in the Market
Polycarbonate is more economical: The
polycarbonate segment is expected to register the fastest growth during the
forecast period. Polycarbonate material is economical. Additionally,
polycarbonate material also helps in countering and protection against the
airborne droplets of the COVID-19 virus. With the growing number of COVID-19
cases, the demand for face shields having polycarbonate materials is expected
to have the fastest growth during the forecast period.
Growth of the healthcare and manufacturing industry:
The demand for face shield in the healthcare and manufacturing industries is
expected to increase during the forecast period. With the growing number of
emerging economies and the development of healthcare, infrastructure is
expected to boost the growth of the global market. This, in turn, is
anticipated to increase the demand for face shields in the global market during
the forecast period. Additionally, the manufacturing industry in emerging
economies is experiencing robust growth in the last couple of years. However,
amidst the current scenario of the global pandemic, COVID-19, demand for face
shield is expected to surge in the healthcare industry for a short period.
Dominance of Store-Based Distribution Channels:
The majority of face shields are sold through vendors as face shields are most
sold in bulk in professional sectors. The healthcare and manufacturing
industries are some of the dominant sectors for the face shields. The
professional segment is further anticipated to remain dominant during the
forecast period. Additionally, amidst the outbreak of COVID-19, individual
usage of the face shield is expected to grow for the next couple of years.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/face-shield-market-10155
- The
3M Company (US)
- Honeywell
International (US)
- MSA
Safety (US)
- Medline
Industries, Inc. (US)
- Dymax
Corp (US)
- Kimberly-Clark
Corporation (US)
- Brady
Corporation Ltd. (UK)
- Alpha
Pro Tech, Ltd. (US)
- Thermo
Fisher Scientific (US)
- Shelby
Group International, Inc. (MCR Safety) (US)
Market
USP
Growth in
the healthcare and manufacturing industries, coupled with the rising number of
COVID-19 cases across the world, is expected to boost the demand for face
shield during the forecast period.
NOTE: Our
Team of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
Details.
Contact us:
Market Research Future
(part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013,
United States of America
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